603 Carriage LnJenisonMI49428
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Jenison at 603 Carriage Ln, Jenison, MI, 49428 earns $628/mo cash flow from $1,980/mo rent with a $783/mo payment. Total monthly income totals $1,980/mo, and annual cash flow totals $7,538/yr on $53,007 capital. ROI tracks 34.13% on current figures, and rental yield reads 14.86% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 182.14% and total cumulative return in cash sums $96,546. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,980/mo property income instead of your personal income.
Condo
Built in 1972
4.18 Acres lot
$N/A/sqft
$297 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49428, Jenison, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,104 (100%) |
| Owner Occupied HU | 9,207 (82.9%) |
| Renter Occupied HU | 1,557 (14.0%) |
| Vacant Housing Units | 340 ( 3.1%) |
| Median Home Value | $305,908 |
| Average Home Value | $331,957 |
Housing Distribution
Address Breakdown
Residential
10,503
Single Family
9,826
Multi-Family
677
Businesses
595
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